2. Operating Funds: Adopted Budget Actual Education Fund $61,352,117 $64,216,580 Operations & Mtns $ 6,093,865 $ 5,752,940 Transportation $ 2,702,411 $ 3,743,638 IMRF/Social Security $ 2,430,895 $ 2,356,100 Working Cash Fund $ 5,222,000 $ 5,208,766 Total - Operating Funds $77,801,288 $81,278,024

3. Operating Funds: Amended Budget Actual Education Fund $63,224,165$64,216,580 Operations & Mtns $ 6,093,865 $ 5,752,940 Transportation $ 2,953,129 $ 3,743,638 IMRF/Social Security $ 2,430,895 $ 2,356,100 Working Cash Fund $ 5,222,000 $ 5,208,766 Total - Operating Funds $79,924,054 $81,278,024

4. Non-Operating Funds: Adopted BudgetedActual Capital Projects$ 186,000 $ 223,232 Debt Service $8,092,435 $8,055,058 Tort $ 0 $ 0 Life/Fire/Safety $ 500 $ 93 Total Non-Operating Funds $8,278,935 $8,278,383

5. Non-Operating Funds: Amended BudgetActual Capital Projects$ 227,663 $ 223,232 Debt Service $8,092,435 $8,055,058 Tort $ 0 $ 0 Life/Fire/Safety $ 500 $ 93 Total Non-Operating Funds $8,320,598 $8,278,383

6. Operating Funds: Adopted budget=$77,801,288 Amended budget=$79,924,054 Unaudited actual=$81,278,024 Difference between adopted/amended=$2,122,766 Difference between amended/actual= $1,353,970 Difference between adopted/actual= $3,476,736

7. Non-Operating Funds: Adopted budget=$8,278,935 Amended budget=$8,320,598 Unaudited actual=$8,278,383 Difference between adopted/amended=$41,663 Difference between amended/actual=$42,215 Difference between adopted/actual=$552

8. 2009 TIF receipts Unbudgeted prior year property taxes Increased Corporate Personal Property Taxes Increased local revenues Significantly more state revenue due conservatively budgeted amounts

9. Operating Funds: Adopted Budget Actual Education Fund $57,617,771 $56,616,152 Operations & Mtns $ 6,186,432$ 5,554,248 Transportation $ 3,201,335$ 2,858,844 IMRF/Social Security $ 2,029,592 $ 1,991,612 Tort$ 256,184 $ 256,184 Working Cash Fund $ 0$ 0 Total - Operating Funds $69,291,314$67,277,040

10. Operating Funds: Amended Budget Actual Education Fund $57,964,748$56,616,152 Operations & Mtns $ 6,186,432$ 5,554,248 Transportation $ 3,201,335$ 2,858,844 IMRF/Social Security $ 2,029,592 $ 1,991,612 Tort$ 256,184 $ 256,184 Working Cash Fund $ 0$ 0 Total - Operating Funds $69,638,291$67,277,040

11. Non-Operating Funds: Adopted Budget Actual Capital Projects$ 3,223,988 $ 3,248,880 Debt Service $ 8,239,210 $ 7,518,975 Life/Fire/Safety $ 0 $ 0 Total Non-Operating Funds $11,463,198 $10,767,855

12. Non-Operating Funds: Amended Budget Actual Capital Projects$ 3,223,988 $ 3,248,880 Debt Service $ 8,239,210 $ 7,518,975 Life/Fire/Safety $ 0 $ 0 Total Non-Operating Funds $11,463,198 $10,767,855

13. Operating Funds: Adopted budget=$69,291,314 Amended budget=$69,638,291 Unaudited actual=$67,277,040 Difference between adopted/amended=$ 346,977 Difference between amended/actual= $2,361,251 Difference between adopted/actual= $2,014,274

14. Education fund underspent: Purchased services Supplies, Materials Capital Outlay Dues/Fees Tuition Total: $1,546,449 Operations/Maintenance fund underspent: Purchased services Supplies, Materials Capital Outlay Total: $632,184 Transportation fund underspent: Purchased services Total: $342,491 IMRF/Social Security Fund underspent: Benefits Total: $37,959

16. Operating Funds: Revenues Expenditures Education Fund $60,775,596$59,481,314 Operations & Mtns $ 5,954,423$ 6,225,096 Transportation $ 3,635,093$ 3,085,312 IMRF/Social Security $ 2,283,230$ 2,217,300 Working Cash Fund $ 3,691,584$ 0 Total - Operating Funds $76,339,926 $71,009,022

17. Non-Operating Funds: Revenues Expenditures Capital Projects$ 76,150 $3,496,295 Debt Service $ 7,723,181 $8,274,095 Tort $ 0 $ 0 Life/Fire/Safety $ 150 $ 0 Total Non-Operating Funds $ 7,799,481 $11,770,390

20. Collection of 55% property taxes in March (prior year extension) Collection of 45% property taxes in September (actual adopted levy with increased CPI and EAV) TIF receipts Flat federal revenue GSA (General State Aid) at 89% PreSchool Grant at 92% All other state revenue at 95% less FY2012 due

21. Inclusion of all collective bargaining agreements 33% increase in health insurance costs Data coaches added/tech integrationists eliminated IB/ Common Core Referendum vision components (foreign language, music, art, technology, physical education and math)

22. Operating fund revenues= $76,339,926 Operating fund expenditures=$71,009,022 Operating fund expenditures of $71,009,022 compared to unaudited 2011-12 operating expenditures of $66,843,024. This represents an increase of 6.23%. The 2012-13 budget (operating and non-operating) demonstrates revenues at $84,139,407 and expenditures at $83,002,488. Total 2012-13 expenditures = $83,002,488 compared to 2011-12 unaudited $78,540,916 which represents an increase of 5.68% One final observation… While we ended 2011-12 with over receipted operating revenues and under expended our operating funds, this should be viewed extremely cautiously given the uncertainty of the pension reform conversations at the state level as well as continued diminishing state receipts.

23. August 21, 2012—adoption of tentative 2012-13 budget September 11, 2012—public comment on 2012-13 budget and continued discussion by board of education September 27, 2012 Public hearing on 2012-13 budget Adoption of 2012-13 budget Submission to Illinois State Board of Education (ISBE)